Fund Watch: Manager thinks big with blue chips

How has it performed? If you had invested £1,000 three years ago, you would have £780 today after charges, against £739 for the average UK growth fund. But in the short term it is lagging its rivals. If you had invested £1,000 a year ago, you would have £1,057 against £1,113 for the average.

William Pattisson, the manager, says: “I look to invest in companies where more analysts are upgrading than downgrading their forecasts and also where there is positive momentum in the share price.”

Pattisson holds about 77 stocks in his portfolio and, as the name of the fund suggests, he is heavily exposed to blue- chip stocks.

But this preference for larger companies does not mean that the fund is low risk — his top five holdings make up 33% of the portfolio. Among the biggest holdings are Vodafone,